The size of the Asia Pacific Clean label ingredients market is expected to be worth USD 10.07 billion in 2024 and grow at a CAGR of 8.74% from 2024 to 2029 to achieve USD 15.31 billion by 2029. The Clean Label Ingredients market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the developments witnessed by the food ingredients sector, which provide a variety of benefits.
Clean-label ingredients are a class of food additives and ingredients that include products like sweeteners, colors, flavors, etc. These ingredients have properties that categorize them under the clean label, which are primary as well as secondary. Primary factors are fewer product ingredients without any chemical name and no artificial additives. Secondary factors include natural, organic, and non-GMOs.
The rise of awareness among people regarding health issues related to the use of artificial food additives and food safety incidents has led to a sudden growth in the market for clean-label ingredients. Further, an increase in consumer demand for clean-label food products has been driving the consumption of clean-label ingredients and the need for clean-label product launches. The company faces a few challenges and restraints as well. These include clean label ingredients’ limitations compared to the artificial ones, high cost of ingredients resulting in costly products and hence low consumption.
Major key Players in the APAC Clean Label Ingredients Market are Cargill, Archer Daniels Midland Company, Koninklijke DSM N.V., E.I. Dupont De Numours and Company, Kerry Group Plc, Ingredion Incorporated, Tate & Lyle PLC, Sensient Technologies Corporation, Corbion N.V., and Groupe Limagrain
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